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Condensed Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 59,176 $ 27,422
Accounts receivable, net (Note 5) 1,841,768 1,923,970
Inventories, net 126,965 113,709
Prepaid expenses 44,096 56,558
Other current assets 55,007 47,330
Total current assets 2,127,012 2,168,989
Property and equipment, net 852,804 747,808
Operating lease assets 241,493 0
Goodwill, net 1,144,176 1,100,350
Other intangible assets, net 190,149 169,370
Other long-term assets 241,737 253,436
Total assets 4,797,371 4,439,953
Current liabilities:    
Current portion of long-term debt, including finance leases 106,882 82,655
Current portion of operating lease liabilities 77,629 0
Accounts payable 633,245 669,712
Accrued salaries and wages 125,672 90,218
Other accrued expenses 158,318 133,033
Billings in excess of costs and earnings 200,576 227,056
Other current liabilities 88,831 80,937
Total current liabilities 1,391,153 1,283,611
Long-term debt, including finance leases 1,250,812 1,324,223
Long-term operating lease liabilities 168,698 0
Deferred income taxes 256,519 263,687
Other long-term liabilities 178,851 176,408
Total liabilities 3,246,033 3,047,929
Commitments and contingencies (Note 14)
Equity    
Preferred stock, $1.00 par value: authorized shares - 5,000,000; issued and outstanding shares – none 0 0
Common stock, $0.10 par value: authorized shares - 145,000,000; issued shares - 91,626,986 and 91,327,009 (including 1,152,993 and 1,251,533 of unvested stock awards) as of June 30, 2019 and December 31, 2018, respectively 9,163 9,133
Capital surplus 799,162 789,009
Retained earnings 1,281,198 1,118,375
Accumulated other comprehensive loss (74,675) (60,494)
Treasury stock, at cost: 15,344,917 and 15,329,817 shares as of June 30, 2019 and December 31, 2018, respectively (466,727) (466,125)
Total MasTec, Inc. shareholders’ equity 1,548,121 1,389,898
Non-controlling interests 3,217 2,126
Total equity 1,551,338 1,392,024
Total liabilities and equity $ 4,797,371 $ 4,439,953